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Finding Life Insurance Quotes For Adult Children Shopping for life insurance quotes for adult children isn't any different than it is for adults or seniors. Underwriting issues can vary a little but essentially life insurance quotes for adult children follows the same routine. Where we do see a difference is in qualifying. Some companies don't allow you to buy more than (2) times what the adult parent has, other companies may use other multiples. Underwriting also considers the premium paying capabilities of the person being insured and etc. A certain amount of caution exists when companies receive applications for children. A simple explanation on the back of the application will normally set everyone at ease. Being a advocate of carrying insurance myself I bought a liufe policy on my 12 year old son simple to get him started at an early age and lock in his rates forever. It also started a modest savings plans built into the policy. We included a feature to be able to buy more over the years at certain intervals with the guarantee issue feature that if for some reason my son couldn't qualify because of a health issue the company had to issue the agreed option amount. Normally we don't consider those issue to ever come into place but I knew that things like that happened. Guess what, (20) years later that son got married. After the wedding and the smoke cleared they bought a condo, settled in and my son decided he should purchase more insurance. Over the (20) period prior to marriage he » Discuss it » Continue Reading »
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